INTERNATIONAL BRIEFS;Eurotunnel Loss in '95 Was Double That of '94

Eurotunnel, the British-French company that operates the tunnel under the English Channel, reported yesterday that its losses had more than doubled in 1995. The performance was worse than experts had predicted. Eurotunnel's British co-chairman, Sir Alastair Morton, said business was picking up for the company, which went into default on bank interest payments last year.

The loss soared to L925 million, ($1.44 billion), in 1995, from L387 million in 1994. The widened loss came even as revenue surged to L299 million ($464 million), from L30.6 million. Sir Alastair predicted that the operating results of the tunnel, which are now covering daily operational costs, should help it in negotiations with bankers. (AP)